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Search Results 0 to 49 of about 79 (some duplicates have been removed)
by spaker boehner. who am i to say? this much i will say kicking things off tonight. there is the makings of a deal here, an agreement in the political posturing and theater that is famous in washington. each side trying to very carefully dance off the cliff withou looking like it produced the disaster. there is, in the president' remarks today and boehner's yesterday, the inkling of an overture on each side, now, how much of one? with 52 days left to go, how real? rich edson in washington reading between the lines. what do you think, rich >> well, neil, there's plenty of space. ere's not that many details discussed. neither side says they want to box the other in the corner beginning negotiations. president obama, though, made it fairly clear he wants taxes to go up on wealthier taxpayers saying after the election, he was re-elected, democrats back in the senate, and the message in the campaign is wealthier people need to pay more. therefore, that's the approach he's taken. as for what happens in the3 negotiations and next year, we're still very, very early in this, and so we continue to
a potential financial crisis, can house speaker john boehner and the president find an onslaught of spending cuts and tax hikes? stay with us. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, cle
crisis visiting our nation so far. and while president obama and house speaker boehner say they're willing to compromise they seem to have drawn the line at the issue of raising taxes. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue and means asking the wealthiest americans to pay more in taxes how we did it when bill clinton was president and the only way we can afford to invest in job training and manufacturing. all the ingredients of a strong middle class and a strong economy. some said despite the risk we should let our nation's economy go off part of the fiscal cliff in january allowing the top two rates to rise and they believe that doing that will generate more revenue for the federal government. here is the problem with that, raising those rates on january 1st would, according to the independent firm, ernst & young, destroy 700,000 american jobs. >> kelly: all right. angela mcglowan is a political analyst and joining us today, ladies, what we can see right now, there has to be some compromise, but washington is once again fin
're hearing from president obama and speaker boehner are mutually exclusive. but it is key that speaker boehner said, revenue increase is on the table. because while the tax rate, he doesn't want that to go up, there may be a way to finagle it, if you eliminate deductions, for instance, close loopholes, get ready of some tax credits, you could actually make some folks effective tax rates higher without actually increasing the tax rate of the bracket that they're in. but at the same time, these are all just sort of ideas and speculation that we have, ashleigh, and we really are not to the point where we can really game out exactly what this is going to look like. >> so 1:00 p.m. eastern you're on duty waiting and watching for those remarks. and trust me when i say this. you look like you're not at the white house. you look like you're at the greenough owe i don't know what -- >> reporter: they're actually planting trees here. >> that's nice. >> reporter: so there is some change here at the white house. and, yes, the truck parked right behind me. >> change you can believe in, brianna keil
house next week to build consensus. >> reporter: earlier in the day, speaker john boehner also sounded a kumbaya theme. >> i am proposing a fiscal cliff together to be averted >> reporter: that gets its name, because at the end of the year if congress does nothing, bush taxes expire, the payroll tax cut expires, emergency unemployment benefits end and $984 billion in automatic cuts and defense and domestic budgets are triggered. they estimate that would cause the economy to take a significant hit, raising unemployment to 9.1% by the end of next year. but the real political sticking point is taxes. the president called on congress to make tax cuts for people making less than $200,000, and making less than $250,000, and drew a line in the sand. >> i refuse to accept any approach that is not balanced. and on tuesday night, we found out the majority of americans agree with my approach. >> reporter: the president was referring to the tuesday exit poll which indicated nearly 60% of voters would support higher taxes on the wealthy.çó and while john boehner hinted at some taxes going up, he
democrats and republicans stop it all. house speaker john boehner wants a deal on spending cuts. president obama says that is not enough. >> if we're serious about reducing the deficit we have to combine cuts with revenue. >> joining us is jonathan strong. even if tax rates went up on the wealthiest households earning more than $250,000 a year the president, as the president demands, this would actually do almost nothing to reduce the deficit. i look at the joint tax committee report of conscious saying it would reduce the deficit only by 7%. that is 7% out of $1.1 trillion. in many ways is the president's solution more of an illusion? >> he is trying to sell this as a matter of fairness. he seems to be making progress politically on that front. you have a good point. another good question, there isn't any theory this would help the economy. the estimates are it would hurt this the economy. is now the right time for that? people are still hurting out there. >> gregg: the president is claiming, you heard him say this -- he has a mandate for raising taxes. i'll quote him. he said on tuesday
in taxes. >> so that was the president, and here's speaker boehner. >> on wednesday, i outlined a responsible path forward to avert the fiscal cliff without raising tax rates. about 24 hours after i spoke, the congressional budget office released a report showing the most harmful consequences of the fiscal cliff come from increasing tax rates. >> what speaker boehner did not mention was the cbo report said raising the top rate would only shave 1% of 10% off economic growth and only temporarily. those were the two open conditions in washington's showdown since the disaster. budget negotiators reconvene next week to try, in the words of one aide, to assess where they are. that's what puts republicans where they are in election 2012. it depends on who you ask or how you ask the question, what happened on tuesday night? gop strategist mary matalin, and david fromm, author of "why romney lost and what the gop can do about it." president obama and speaker boehner have said a lot of right things talking about compromise and cooperation, but on taxes, it seems the gap between the two si
cliff. president obama and house speaker john boehner say that they are willing to compromise. >> a stronger economy means more revenue, which is exactly what president is seeking. >> they should start by making sure that taxes don't go up on the 98% of americans making under $250,000 a year starting january 1st. this is something we all agree on. >> reporter: both remain head strong on their views on tax reform. >> we have to combine spending cuts with revenue and that means asking the wealthiest americans to pay more taxes. >> 2013 should be the year to begin our debt through tax reform and entitlement reform. >> reporter: if no agreement is reached, middle class americans could see a $2000 increase on taxes and the unemployment rate could jump back over 9%, spiraling the economy to another recession taxes related to obama's health care plan will be corrected. according to baron, over 1000 government programs will experience, quote, deep automatic cuts. with the fiscal deadline rapidly approaching, many economists ask, can the feat be accomplished in the time frames? >> what
president barak obama and house speaker john boehner have both vowed that they will not let this happen. but is that even possible given today's decisive political climate? before we get into the discussion, let's first listen to what both men had to say. >> this is an opportunity for the president to lead. this is his moment. >> i'm committed to solving our fiscal challenges, but i refuse to accept any approach that isn't balanced. >> arthel: let's talk about it now. matt is the former white house political director under president george w. bush. alexis is the executive director for the american values institute. good to see both of you. >> great to be here. >> arthel: very good. so let's say that each of you is going to broker this deal. tell me the concessions you would make and what would be the deal breakers. i'm going to go with you first, matt. >> okay. so i'm in the seat of power. i guess if i'm a republican, i want to make sure that if i'm going to negotiate a deal that i've got real concessions in terms of getting a comprehensive tax reform bill and we've got real concessions
at the end of the year unless congress acts. president obama and john boehner picked up where they left off in dueling public appearances where both sounded conciliatory but didn't seem to budge much. you must add to the president's to-do list one more thing. he needs a cia director after general david petraeus resigned, admitting to an extramarital affair. joining me now is new jersey democrat senator robert menendez. and in new york congressman peter king who is chairman of the house homeland security committee. good morning, senator. it's good to see you. let me start out with the petraeus matter. do you believe that this leaves a big hole in military intelligence operations or can they carry on smoothly? >> well, mike morell who is the second in charge is an excellent individual, has the president's confidence and can carry on in the interim. obviously, general petraeus was a tremendous asset at the cia. it's unfortunate. i respect his decision under the circumstances. and i'm sure the president will now seek out a new cia director. but in the interim i believe the kgs can continue to f
find compromise? house speaker john boehner says he's ready to talk. >> talk about all kinds of things we may disagree on. i'm the most reasonable, responsible person here in washington. the president knows this. he knows that he and i can work together. now the election is over. now it's time to get to work. >> brianna keilar is at the white house. so, brianna, what do you expect president obama to say in this afternoon's remarks? >> reporter: carol, i think this is really going to be him sort of setting the scene and explaining to the american people what is at stake here, some of the things that christine outlined. we know that yesterday the cbo, congressional budget office put out a report saying that really the stakes here, that you could see the country sink into recession next year if we went off the fiscal cliff, that the unemployment rate could jump almost 2%. these are very serious things. this is post election. president obama's chance to kind of turn people's attention to this. and to urge congress to work together and to act. you heard him on tuesday night in chicago talki
? john boehner indicated, revenue is possible, but we're not raising tax rates. where is there compromise? >> i think where there's going to be a compromise on taxes, this be would be a good thing on the economy, might exchange lower tax rates in return for a reduction in all the loopholes that as it is distort economic activity. so if boehner were able to achieve that kind of compromise, that's one that the republicans could be pleased with. the bush tax cuts are gone, they're expiring, and the president said that 250,000 below, he wants that extended, but for those making more than 250, will the bush tax cuts come to an end? >> i don't think so. i think actually the they won't come to an end because the democrats don't want major reduction in spending, if you hit the cliff, the spending would go down and politicians love to spend money. an extension of the bush tax cuts, less we're blessed by the relatively few, jeff baso, the late steve jobs, you want to remove the barriers to their production, not raise them. >> mike: john, we're not going over this cliff, are we. >> there's no way we
for saying, your tacks went up because of them, not me. >> bill, john boehner said republicans are willing to accept some additional revenues through tax reform. he talked about closing loopholes. is that something, first of all, that can be done and, secondly, even if you do that, how much of a dent is that going to make? >> not enough is the simple answer. this is a crisis of congress' own deviceing. it's an artificial crisis. voters don't know where it came from. what congress did was point a gun at its own head and said unless we can reduce the deficit by this huge amount, we're going to shut everything down, cut off spending, raise taxes and it will be a terrible consequence. the country will be thrown back into recession. you know what, if congress created the crisis, congress can step back from the crisis and republicans got the message of this election. that's why speaker boehner made that statement. i think that the president is going to be able to peal off a number of republicans to try to create a package that will avert the fiscal package. >> how much of a leadership task is th
speaker john boehner say they are willing to negotiate. but tax hikes are a sticking point. president obama will meet with congressional leaders on the issue next week. >>> and in florida, it is all over, but the vote count, as the state tries to finalize its tally of the presidential election. unofficial results are due to the secretary of state by noon today. cnn has yet to project a winner, but president obama enjoys a 60,000 vote lead over mitt romney. >>> happy birthday to all the men and women serving in the marines around the world. today marks the 237th anniversary for the u.s. marine corps. they were founded in 1775. now, to celebrate, some will have birthday cake, some will hold special ceremonies, others will raise money for charity. >>> in washington state, prosecutors are throwing out 175 marijuana possession cases, that's because on tuesday voters there passed a ballot initiative that legalizes pot, so prosecutors in two counties, including seattle, drop cases that would no longer be punishable under the new law. the law technically doesn't take effect, though, until nex
in taxes. i'm not going to do that. >> speaker john boehner, like wise, struck a tone and drawing a hard line saying everything is up for negotiation. >> clearly, the deficit is a drag on our economy. and we can't continue to spend money we don't have. i don't want to box myself in or anybody else in. i think it's important for us to come to an agreement for the president, but this is his opportunity to lead. >> the senate has already passed legislation that would raise taxes on those making more than $250,000 while preserving the bush tax cuts for the middle class. the latest now on tuesday's election. the president's margin of victory has now increased. he now has a 51% edge over romney in the national popular vote. that is up from a tie that we saw on election night. but down in florida, they are still counting the ballots. officials have until noon today to submit unofficial results to the secretary of state. cnn has yet to project a winner there, but with 97% of precincts reporting, president obama has a lead over romney. the romney campaign has conceded the race in florida. and for
in our nation's capital. president obama and house speaker john boehner appear to be drawing lines in the sand over that looming fiscal cliff. big tax hikes and spending cuts that could take effect at the end of the year. if washington can't find a compromise. that could have a big impact on your bottom line. we'll get you more on that in just a moment. >> also it sounds a bit crazy but apparently it's real. you'll meet some people who are addicted to the internet. >> plus with prices skyrocketing at the supermarket, as i'm sure you've noticed, every penny counts. we have some tips on stretching your dollars by making your everyday groceries last just a little bit longer. and speaking of money, some high profile women including the duchess of cambridge and first lady michelle obama, making it fashionable to recycle outfits. we'll tell you about the message it's sending to the rest of the world. >> i'll fess up, i wore this suit six weeks ago. all right we've dealt with it. and we'll introduce you to a true wonder dog. a poodle mix who was rescued from a trash heap, blind, and ver s
's debt crisis. but speaker john boehner told house republicans that after last week's election the mandate from the american people is to work together even if it means additional revenues through tax reform. meanwhile bill kristol, editor of "the weekly standard," seemed to cave in on the president's demand that wealthy people pay more. >> you know what? it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i don't think. really? t >> reporter: the president begins making his case this week. what's different this time is that administration officials are already suggesting to congress that mr. obama is willing to let the deadline pass, let tax rates go up, and spending be cut if he can't get the deal he wants. norah, charlie? >> wow. bill plante in washington, thank you. >>> later this morning we'll ask conservative activist grover norquist if republicans are backing away from his no tax increase pledge. >>> two weeks ago today superstorm sandy battered the northeast. more than 100,000 homes and businesses still have no power. most of them
. president obama and house speaker john boehner appear to be drawing lines in the sand on that looming fiscal cliff. big tax hikes and spending cuts that could take effect at the end of the year if they can't find a compromise. >>> also, it sounds crazy, but apparently it's real. you'll meet some people who are addicted to the internet. >>> and with prices skyrocketing at the super market, we have tips on stretching your dollar and making your groceries last longer. >>> and speaking of money, famous women making it fashionable to recycle outfits. >>> i wore this suit six weeks ago, okay? >> and a poodle mix that was rescued from a trash heat and who is blind. i watched this piece earlier today, it brings tears to your eyes. >>> we begin this morning with the scandal that cost cia director david petraeus his job. >> good morning to you erica, this stunning news comes on the heels of the president's triumphant reelection. he lead combat forces in iraq and afghanistan and was considered one of the top leaders of his generation. sources say his reputation was sterling. he was known for putting co
priorities and reduce the deficit. hearing from some republicans as well, john boehner scheduled to speak a short while from now. he says he's open to discussing. you're seeing these decisions, is not unlike what we saw before the election. talking an overall rewrite of the tax system, democrats looking for tax rate increases on families earning more than $250,000 per year. back to you. connell: fox news contributor and author of our favorite titled book. i guess we can modify it to say with what happened later today. do you think he goes to the middle or dig into the left? >> there were so many bizarre things that happened over the tuesday night election results by the american people chose non-satisfactory status quo. you will see those results going into another round of discussions over spending. connell: i was saying this fiscal cliff is a big deal and the ceo outlined it for us, to go off the cliff, this automatic spending cuts, tax hikes go into effect, the economy essentially back in recession. the president has to know that, right? does he say let's try out something like simpson
boehner, basically had a deal in place, it ended up getting blown up at the last minute. i think there is a, perhaps, a new conciliation on both sides. i think they were waiting for the election to get over. i think the attitudes are positive on both sides. and i think they've got the framework for a deal already set up from last year. so i don't think that there are any closer but i also don't think they were that far away last year in 2011. >> do you think that closing the loopholes would be enough for a deficit reduction package? >> it doesn't appear that that's going to raise enough revenue to get to where the democrats want that to be. republicans say they don't want to raise rates. there are some -- there's some budget chicanery that can go on in terms of dealing with one baseline instead of another baseline. that's what it looked like boehner wanted to do last year. there are a lot of different options here. it's interesting, bill kristol from the weekly standard appeared to be talking to grover norquist, the anti-tax activist in those comments that he played earlier, talk
of them is obamacare, as john boehner put it the other way, it's the law of the land. that means that businesses are going to be laying people off. that means that over eight million americans who are part time are going to continue to work part time until we see a real resurgence in this economy, certainly. because it's just not economical for the employer to move ahead. it's cheaper for them, in fact, to pay a $2,000 fine. imagine this, to pay $2,000 for an employee they didn't hire who they've hired and not put them on an employee-sponsored insurance plan. this is the exact reversefect of what we had, you know, been told would occur. but we should be used to that, because so much of the -- so many of the consequences have not been intended because they were never thought out by this congress, the previous congress. and we're looking at people saying it's partisanship. let me give you an example of why that's pure bull, shannon, many i fay. shannon: please do. >> one of the companies laying off people is a company called stryker, one of the medical device makers, one of the big
Search Results 0 to 49 of about 79 (some duplicates have been removed)

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